Tuesday, July 12, 2022

Kingfisher Airlines Staff Are Still Waiting For Owed Money A Decade After Collapse

The Kingfisher Airlines fiasco continues to haunt its owner and employees even after a decade. The Indian airline went from promising 5-star services to passengers to eventually running out of funds to pay its workers. Its owner Vijay Mallya, currently in the UK, is often in the news for his court trials, and whenever a new judgment is announced, it scratches the wounds of several ex-employees still waiting for their dues.

Vijay Mallya – the owner of the defunct Indian full-service carrier Kingfisher Airlines – has been living in the UK for the last few years as cases against him pile up for non-payment of dues to various stakeholders.

Now, the Supreme Court of India has sentenced him to 4 months in a contempt case. Mallya refrained from saying much about the judgment but expressed his disappointment to the Press Trust of India, saying,"I have no comment on the Indian Supreme Court verdict except to say that I am naturally disappointed.”

The 66-year-old businessman is involved in a bank loan default case of more than $1 billion. The court has also ordered him to deposit $40 million along with interest in four weeks to avoid attachment of his properties.

12/07/22 Gaurav Joshi/Simple Flying

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